It is a market that mobilizes billions of Brazilian reais every year, largely from undercover operations. Bolsonaro is known to support clandestine prospectors and his administration has been fighting to legalize mining on Indigenous land. The region is experiencing an actual gold rush that’s only intensified since the start of the Jair Bolsonaro administration in 2019.
The lucrative mine is inside a federally protected area neighboring the Munduruku Indigenous Land in Itaituba, a municipality in the southwest part of Pará State. Gana Gold declined a request to be interviewed. The average grade (the geological measure of the number of grams of ore per ton of raw material extracted from the earth) would be much higher than those found at neighboring mines. The level of productivity is uncommon: if accurate, it would rank the Gana Gold mine above the planet’s most profitable operations. In the first eight months of 2021, it surpassed the estimates provided to the regulating agency for the year by 32 times. By the company’s own reckoning, its operations should be producing annual revenues of around R$ 30 million ($6 million) if operating within licensing limits.īut the company has declared income of over R$ 1 billion ($200 million) since 2020. Its high level of productivity stands out simply because the operation was slated to extract only 96.53 kilograms of gold, according to information provided by Gana Gold to the sector’s regulating agency. Whistleblowers and others in possession of sensitive information of public concern can now securely and confidentially share tips, documents, and data with the Pulitzer Center’s Rainforest Investigations Network (RIN), its editors, and journalists.Ī six-month investigation of Gana Gold as it hit its first billion led to the company’s mine in the Amazon.Ī leader in gold extraction in Brazil’s northern region, Gana Gold is responsible for 18% of all gold mined in the state of Pará, according to the company’s website.
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